Tag: Yen

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The yen is surging and it’s helping bitcoin, for now

Yen's rise has led to a broad-based USD weakness, driving the Dollar Index lower. BTC and gold are loving it, for now.

SBI buys 20% stake in Indonesia's Ajaib for $270 million to expand yen stablecoin in Southeast Asia

The Japanese financial giant is acquiring a 20% stake in the Indonesian online brokerage to build a cross-border, blockchain-based settlement network.

U.S.-Japan yen intervention revives bitcoin carry trade fears despite weak link

U.S. Treasury Secretary Scott Bessent confirmed Sunday that the U.S. joined Japan in coordinated foreign exchange intervention last Friday, calling it a move to...

Bitcoin at $66,300 as yen hits a 40-year low against dollar

Bitcoin held near $66,300 on Wednesday, consolidating a two-week high, as the semiconductor rally that has driven crypto all month extended into a second...

Amazon Japan distributor AZ-Com Maruwa to adopt yen stablecoin JPYC for payments

A Japanese logistics company that counts Amazon Japan as a client plans to settle payments in the regulated yen stablecoin JPYC with business partners,...

Strong in USD, lagging in yen

Early today, traders received Japan’s producer price index for June, which came in at 7.1%, the fastest annual increase since March 2023. The spike...

Japan’s collapsing yen is pushing companies into bitcoin and XRP

The yen is trading near its weakest level in four decades, and Japanese companies are moving crypto onto their balance sheets to escape it....

Bitcoin, XRP draw Japanese firms as weak yen drives treasury diversification

Japanese companies are turning to bitcoin and XRP as a weak yen pushes them to diversify their corporate treasuries, according to SBI VC Trade,...

Bitcoin Open Interest Surges Into Lows After US Dollar Hits New 40-Year Yen High

Bitcoin (BTC) fell toward $58,000 around Tuesday’s Wall Street open as the clock ticked down to a brutal quarterly close.Key points:US stocks' Q2 gains...

Japan Is Building Its Own DeFi Yen System – A New Financial Model Is Emerging

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure DeFi has reclaimed $95 billion in total value locked. The number is...

Startale and SBI Holdings to Launch JPYSC, Japan’s First Trust Bank-Backed Yen Stablecoin

Startale Group and SBI Holdings introduced JPYSC, a trust bank-backed Japanese yen stablecoin targeting a second-quarter 2026 launch under Japan’s regulatory framework. Q2 2026...